Credit Des Alpes LLP OC442713 false 2022-06-17 2023-06-30 2023-06-30 The principal activity of the company is Asset Management Digita Accounts Production Advanced 6.30.9574.0 true true OC442713 2022-06-17 2023-06-30 OC442713 2023-06-30 OC442713 core:CurrentFinancialInstruments 2023-06-30 OC442713 core:WithinOneYear 2023-06-30 OC442713 bus:SmallEntities 2022-06-17 2023-06-30 OC442713 bus:AuditExemptWithAccountantsReport 2022-06-17 2023-06-30 OC442713 bus:FilletedAccounts 2022-06-17 2023-06-30 OC442713 bus:SmallCompaniesRegimeForAccounts 2022-06-17 2023-06-30 OC442713 bus:RegisteredOffice 2022-06-17 2023-06-30 OC442713 bus:PartnerLLP1 2022-06-17 2023-06-30 OC442713 bus:PartnerLLP2 2022-06-17 2023-06-30 OC442713 bus:PartnerLLP3 2022-06-17 2023-06-30 OC442713 bus:LimitedLiabilityPartnershipLLP 2022-06-17 2023-06-30 OC442713 countries:AllCountries 2022-06-17 2023-06-30 iso4217:GBP xbrli:pure

Registration number: OC442713

Credit Des Alpes LLP

Annual Report and Unaudited Financial Statements

for the period from 17 June 2022 to 30 June 2023

Pages for Filing with Registrar

 

Credit Des Alpes LLP

Contents

Limited liability partnership information

1

Financial Statements

2 to 5

Balance Sheet

2

Notes to the Financial Statements

4

 

Credit Des Alpes LLP

Limited liability partnership information

Designated members

G Norton

G Cammarata
 

Members

CDA Holding Ltd

Registered office

114 St Martins Lane
Covent Garden
London
England
WC2N 4BE

Accountants

Bourner Bullock
Chartered Accountants
114 St Martin's Lane
Covent Garden
London
WC2N 4BE

 

Credit Des Alpes LLP

(Registration number: OC442713)
Balance Sheet as at 30 June 2023

Note

2023
£

Current assets

 

Debtors

4

13,120

Creditors: Amounts falling due within one year

5

(3,120)

Net assets attributable to members

 

10,000

Represented by:

 

Loans and other debts due to members

 

Members' capital classified as a liability

 

10,000

Total members' interests

 

Amounts due from members

 

(13,120)

Loans and other debts due to members

 

10,000

   

(3,120)

 

Credit Des Alpes LLP

(Registration number: OC442713)
Balance Sheet as at 30 June 2023

For the year ending 30 June 2023 the limited liability partnership was entitled to exemption from audit under section 477 of the Companies Act 2006, as applied to limited liability partnerships, relating to small entities.

These financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime, as applied to limited liability partnerships. As permitted by section 444 (5A) of the Companies Act 2006, the members have not delivered to the registrar a copy of the Profit and Loss Account.

The members acknowledge their responsibilities for complying with the requirements of the Act, as applied to limited liability partnerships by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 with respect to accounting records and the preparation of accounts.

The financial statements of Credit Des Alpes LLP (registered number OC442713) were approved by the Board and authorised for issue on 14 March 2024. They were signed on behalf of the limited liability partnership by:

.........................................
G Cammarata
Designated member

 

Credit Des Alpes LLP

Notes to the Financial Statements for the Period from 17 June 2022 to 30 June 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with the Statement of Recommended Practice "Accounting by Limited Liability Partnerships" issued in January 2017, together with Financial Reporting Standard 102 Section 1A - The Financial Reporting applicable in the UK and Republic of Ireland'.

General information and basis of accounting

The limited liability partnership is incorporated in England and Wales under the Limited Liability Partnership Act 2000. The address of the registered office is given on the limited liability partnership information page. The nature of the limited liability partnership’s operations and its principal activities are given in the members’ report.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items aare shown at fair value.

The functional currency of Credit Des Alphes LLP is considered to be pounds sterling because that is the currency of the primary economic environment in which the limited liability partnership operates. Foreign operations are included in accordance with the policies set out below.
 

Going concern

The financial statements have been prepared on a going concern basis. The LLP has made a loss in the year and relies on the financial support of its members to remain a going concern.

Members' remuneration and division of profits

The members' agreement provides that all profits and losses are required to be automatically allocated. The profits and loss realised in the profit and loss account are treated as members' remuneration charged as an expense. Allocated profit and loss is included within 'loans and other debts due to members' in other amounts'.

Taxation

The taxation payable on the partnership's profits is the personal liability of the members, although payment of such liabilities is administered by the partnership on behalf of its members. Consequently, neither partnership taxation nor related deferred taxation is accounted for in these financial statements. Sums set aside in respect of members' tax obligations are included in the balance sheet within loans and other debts due to members, or are set against amounts due from members as appropriate.

Members' interests

Amounts due to members after more than one year comprise provisions for annuities to current members and certain loans from members which are not repayable within twelve months of the balance sheet date. In the event of the wind up of the LLP, members' interests rank parri passu with any other unsecured creditors.

 

Credit Des Alpes LLP

Notes to the Financial Statements for the Period from 17 June 2022 to 30 June 2023

Financial instruments

Classification

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a finance transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the balance sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the limited liability partnership intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Impairment of financial assets

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the limited liability partnership transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the limited liability partnership, despite having retained some significant risks and rewards of ownership, has transferred control of the asset to another party and the other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

2

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Member's opinion there are no significant judgements or key sources of estimation uncertainty.
 

3

Particulars of employees

The average number of persons employed by the limited liability partnership during the period was 0.

4

Debtors

2023
£

Other debtors

13,120

5

Creditors: Amounts falling due within one year

2023
£

Accruals

3,120